West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 29, 2025 is estimated to be $70 Million, with a cash option of 31.8 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of West Virginia, your state will take 6.5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

West Virginia MEGA Millions Jackpot/Cash Option for Tue Apr 29, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 29, 2025	$70,000,000	$31,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$31,800,000
Federal Tax(24%)	$7,632,000
Additional Federal Tax	$4,094,330
State Tax(6.5%)	$2,067,000
Net Lumpsum Payment	$18,006,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,053,570	-$350,151 -$68,482	$634,937
2	$1,106,280	-$369,654 -$71,908	$664,718
3	$1,161,580	-$390,115 -$75,503	$695,962
4	$1,219,680	-$411,612 -$79,279	$728,789
5	$1,280,650	-$434,171 -$83,242	$763,237
6	$1,344,700	-$457,869 -$87,406	$799,425
7	$1,411,900	-$482,733 -$91,774	$837,393
8	$1,482,530	-$508,866 -$96,364	$877,300
9	$1,556,660	-$536,295 -$101,183	$919,182
10	$1,634,500	-$565,095 -$106,243	$963,162
11	$1,716,190	-$595,321 -$111,552	$1,009,317
12	$1,802,010	-$627,074 -$117,131	$1,057,805
13	$1,892,100	-$660,407 -$122,987	$1,108,706
14	$1,986,740	-$695,424 -$129,138	$1,162,178
15	$2,086,070	-$732,176 -$135,595	$1,218,299
16	$2,190,370	-$770,767 -$142,374	$1,277,229
17	$2,299,850	-$811,275 -$149,490	$1,339,085
18	$2,414,860	-$853,829 -$156,966	$1,404,065
19	$2,535,610	-$898,506 -$164,815	$1,472,289
20	$2,662,380	-$945,411 -$173,055	$1,543,914
21	$2,795,520	-$994,673 -$181,709	$1,619,138
22	$2,935,310	-$1,046,395 -$190,795	$1,698,120
23	$3,082,030	-$1,100,681 -$200,332	$1,781,017
24	$3,236,170	-$1,157,713 -$210,351	$1,868,106
25	$3,397,940	-$1,217,568 -$220,866	$1,959,506
26	$3,567,900	-$1,280,453 -$231,914	$2,055,533
27	$3,746,260	-$1,346,447 -$243,507	$2,156,306
28	$3,933,580	-$1,415,755 -$255,683	$2,262,142
29	$4,130,280	-$1,488,534 -$268,468	$2,373,278
30	$4,336,780	-$1,564,939 -$281,891	$2,489,950